Top 10 Crypto Index Recovery

I created an index of the top 10 cryptos market cap combined. Healthy retracement on SEP 2 seems to have found a bottom at support levels. Expect some consolidation in the orange rectangle and a breakout soon after. Blue rectangle is support. Oscillators look good, MACD tightening and RSI bouncing off the oversold lows.

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After I posted this chart, news came out that China is banning ICOs. Check my updated chart for new support levels